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Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 220,000 $ 921,000
Accounts receivable, net 5,403,000 3,975,000
Inventories 8,493,000 7,791,000
Prepaid expenses 412,000 332,000
Total current assets 14,528,000 13,019,000
Property, plant and equipment:    
Machinery and equipment 22,246,000 17,940,000
Office furniture and equipment 2,084,000 2,084,000
Intellectual property 783,000 783,000
Leasehold improvements 39,000 39,000
Fixtures and equipment 518,000 519,000
Projects under construction 196,000 112,000
Property, plant and equipment gross 25,866,000 21,477,000
Less: accumulated depreciation and amortization (20,958,000) (20,613,000)
Total property, plant and equipment, net 4,908,000 864,000
Other assets:    
Operating lease right-of-use asset 3,950,000 3,364,000
Prepaid expenses, noncurrent 2,192,000
Total other assets 6,142,000 3,364,000
TOTAL ASSETS 25,578,000 17,247,000
 Current liabilities:    
Trade payables 1,537,000 917,000
Line of credit 6,578,000 4,991,000
Operating lease liabilities – current portion 480,000 522,000
Advance investor deposit 1,050,000 1,500,000
Accrued liabilities 810,000 726,000
Total current liabilities 11,405,000 10,140,000
Long-term liabilities:    
Notes payable – net of current portion 533,000
Operating lease liabilities – noncurrent 3,470,000 2,842,000
Total long-term liabilities 3,470,000 3,375,000
TOTAL LIABILITIES 14,875,000 13,515,000
SHAREHOLDERS’ EQUITY    
Common stock - no par value, 2,000,000,000 shares authorized, 26,064,095 and 20,815,595 shares issued and 26,019,837 and 20,771,337 shares outstanding at December 31, 2024 and 2023, respectively 27,533,000 21,283,000
Additional paid-in-capital 7,858,000 6,967,000
Accumulated deficit (25,856,000) (24,357,000)
Less: Treasury stock, 44,258 shares, at cost (161,000) (161,000)
TOTAL SHAREHOLDERS’ EQUITY 10,703,000 3,732,000
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 25,578,000 17,247,000
Series E Preferred Stock [Member]    
SHAREHOLDERS’ EQUITY    
Preferred Stock, value 864,000
Series F Preferred Stock [Member]    
SHAREHOLDERS’ EQUITY    
Preferred Stock, value 465,000
Nonrelated Party [Member]    
 Current liabilities:    
Notes payable 606,000 140,000
Related Party [Member]    
 Current liabilities:    
Notes payable $ 344,000 $ 1,344,000